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Listed next are several terms. Complete the following statements with one of these terms. You may use a term more than once, and some terms
Listed next are several terms. Complete the following statements with one of these terms. You may use a term more than once, and some terms may not be used at all Budget committees Participative budgeting Financial budgets Production budget Strategic planning Master budget Rolling budget Variance Operating budgets Safety stock Zero-based budgeting a. Safety stock is extra inventory of finished goods that is kept on hand in case demand la higher than predicted or problems in the factory slow production, b. Managers will sometimes buid budget committee imo their budgets to protect themelven against unanticipated expenses or lower revenues
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